• Management & Information Systems Review
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• v.33 no.2
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• pp.263-279
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• 2014

SPAC(Special Purpose Acquisition Company) is the paper company that aims the merger of private company only, and introduced in Korea at 2009. Until 2013, 22 SPACs were listed, and 10 of them made successful mergers but rest were delisted. When IPO, range of the volume of public offerings were 20~30 billion won. After IPO, some SPACs showed extreme price movements, but on average their prices were below IPO prices 1 year later and near IPO prices 2 years later. Successful SPACs showed positive and significant 2.94% 25 days Cumulative Average Abnormal Return(CAAR) before the public announcements of merger and also showed positive and significant 10.60% 45 days CAAR around the general meetings of shareholders. I concluded that SPAC market were constrained by several regulations, so deregulation is needed for SPAC market activation.

• The Korean Journal of Financial Management
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• v.21 no.2
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• pp.1-25
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• 2004

From the perspective of corporate governance, we examine the acquirers' performance of mergers and acquisitions. The empirical results of our study show that outside active shareholders, such as block shareholders or institutional shareholders, affect acquirers' performance in M&A's : the ownership of outside active shareholders is positively correlated with the performance of acquirers. However, the ownership of insiders, such as that of encumbent manners or major shareholders, does not have any significant effect on the performance of M&A's. We also found that the ownership of foreign investors increased its explanatory power after the financial crisis of Asia. Since the current literature concludes that the improvement of corporate governance would enhance the shareholders' wealth, the results of our study implies that outside active investors, rather than insiders, are playing an important role in the corporate governance.

• Proceedings of the Korea Contents Association Conference
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• 2015.05a
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• pp.133-134
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• 2015

중국 콘텐츠산업에서 온라인 동영상 서비스의 이용자와 시장규모는 빠르게 증가하고 있으며, 그 배경에는 중국 특색의 환경 요인이 작용했다. 특히, 중국의 온라인 동영상 서비스 관련 업체들은 인수합병을 통해 시장 우위를 지속하며 경쟁력 강화를 시도하고 있다. 본 논문에서는 중국 온라인 동영상 서비스의 성장요인을 살펴보는 한편, 대표적인 업체인 유쿠투도우와 아이치이PPS의 인수합병을 통한 비스니즈 사례를 비교하고자 한다.

• 프린팅코리아
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• v.11 no.4
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• pp.128-131
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• 2012

EFI와 HP가 최근 이커머스 소프트웨어 분야 인수합병 소식을 거의 동시에 발표했다. 이는 양사가 웹투프린트 시장점유율을 높이기 위해 취한 조치로, 웹투프린트 트렌드는 그래픽커뮤티케이션스 산업의 필수 기술로 성장하고 있다.

• KOREAN POULTRY JOURNAL
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• v.35 no.6 s.404
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• pp.88-91
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• 2003

• Venture DIGEST
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• s.17
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• pp.9-9
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• 2003

• 프린팅코리아
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• s.40
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• pp.78-85
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• 2005

• Korea Petroleum Association Journal
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• no.3 s.211
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• pp.29-31
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• 1999

• Korean Security Journal
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• no.29
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• pp.7-34
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• 2011

Achieving high-level technology in fields such as IT-related industry, semiconductors, mobile phones, LCD, automobile, shipbuilding, etc., Korea has become an international market leader in those fields. In results, there are the increasing numbers of technology leakage attempts in various manners. Recently, technology leakages are not limited to illegal industrial espionage, but also occur during usual corporate proceedings such as technology transfer, joint research and M&A. In fact, there was a technology leakage issue in the M&A between Ssangyong Motors of Korea and Shanghai Motors of China. Current M&A regulations of Korea are not independent laws, but are spread over various laws, such as commercial law, Capital Markets and the Financial Investment Services Act, Foreign Trade Act, etc. This paper focuses on whether the current Korean regulations regarding M&A are able to effectively restrict the leakage of major information of corporate during M&A and seeks the complements.

• Journal of Korea Entertainment Industry Association
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• v.15 no.5
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• pp.33-43
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• 2021

Kakao M and Kakao page have been merged to form contents corporation, Kakao entertainment. Kakao M has 15 contents management agencies and 4 music labels, in addition to movie and drama productions. Kakao Page currently holds IP rights for about 8,500 content stories. This study explores the relationship between M&A for absorptive capacity and content value chain by considering the factors that determine boundary spanning behaviors. Using the Kakao entertainment in-depth case study as the practical lens, research results of this study are suggested. Kakao's effective M&A activities are critical key factor for absorptive capacity in the entertainment industry and has a strong network with advantage assets. Also, as the contents business becomes even more competitive, Kakao need to venture beyond entertainment boundaries to seize creative opportunities. Kakao entertainment with absorptive capacity and boundary spanning behaviors through M&A and contents value chain best qualified for entertainment dominant strategy.